The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) has released its 2024 report on investments in the region. According to the report, Kazakhstan attracted $15.7 billion in new projects, securing its position as the leading destination for investments in the North and Central Asia region, Kazakh Invest reported.
In 2024, Kazakhstan saw an 88% increase in investment compared to 2023, accounting for 63% of all investments in the region.
The rankings are as follows:
Uzbekistan – $4 billion (-49%)
Kyrgyzstan – $2.1 billion (+310%)
Azerbaijan – $1.2 billion (+1%)
Turkmenistan – $339 million
Georgia – $126 million
Armenia – $67 million
The report highlights that the region’s investment climate reflects a robust trend of international companies diversifying their strategies and supporting projects in key areas such as green energy, digitalization, and technological innovation.